Pediatric drugs market global industry analysis, size, share, growth, trends and forecast, 2013-2019Document Transcript
Pediatric Drugs Market - Global Industry Analysis, Size,
Share, Growth, Trends And Forecast, 2013 – 2019
Pediatric drugs are a special class of drugs which are prescribed to children and
infants for different diseases. These drugs are recommended in various conditions
such as asthma, anorexia, birth defects, cancer in children, growth deficiencies,
juvenile diabetes, attention deficit hyperactivity disorder, and others. Various acts
have been passed to control pediatric drugs such as Best Pharmaceuticals for
Children Act (BPCA) and the Pediatric Research Equity Act (PREA). These acts have
been introduced to increase the investments on R&D for pediatric drugs and to
increase the drugs count prescribed for children and infants.
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Pediatric drugs are categorized in three segments namely pediatric clinical
pharmacology, pediatric pharmacotherapy and pediatric pharmacy. Pediatric
pharmacotherapy focuses on those drugs which will behave differently in children
and adults. Pediatric clinical pharmacology includes those drugs which are helpful
for mental and physical growth. Pediatric pharmacy includes all those drugs which
are specifically meant for children. To treat various disease conditions different
drugs are prescribed such as acetaminophen, fentanyl, ibuprofen, naloxone and
methadone are given as analgesics. In addition, cefazolin, ampicillin and
meropenem are prescribed to treat microbial infections whereas clonidine and
etomidate are recommended for sedative effect. Various other drugs are tramadole,
oxycodone, codeine, lorazepam and gabapentin.
Growing concerns globally, amongst parents has assisted the growth of this
segment. Moreover, governments worldwide are funding and initiating various
national programs to support use of drugs to curb infant and child mortality rates.
Rise in disposable income along with awareness in people has augmented the
growth of pediatric drugs in developed nations such as U.S. and Europe. In
addition, rising incidence of disease conditions such as obesity, diabetes and
hypertension in children have also contributed in its growth. Despite various
developments, low disposable income and unawareness in developing nations are
hindering the growth of this market. Moreover, side effects such as anxiety,
headache and fatigue are also restricting its growth.
Some of the major market players of pediatric drug include InfaCare Inc., Medeira
Therapeutics, Crucell Biologics Inc., Actelion Pharma ceuticals Ltd. and other
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